For an impressive three years running, the US’s United National Corporation has the highest return on assets (ROA) ratio in the Top 1000 World Banks ranking. This is also the third ranking in a row where it is the only bank to achieve a double-digit ratio. However, the large community bank recorded a drop in its ROA in 2022, to 14.45%, from a high of 16.38% in 2021.
Mexico’s Banco Compartamos, a large microfinance bank, comes in second, with an ROA of 9.79%. It overtakes Texas-headquartered Beal Bank, which drops out of the top five banks for ROA. Its ratio dipped from 8.04% in 2021 to 4.48% in 2022.
Lauritzen Corporation, a US midwest bank holding company which oversees more than a dozen commercial banks, comes in third for ROA among banks in the Top 1000, with a ratio of 6.85%.
Rounding out the overall top five banks are two central and eastern European banks, Russia’s Bank Saint Petersburg and Ukraine’s PrivatBank, with ROAs of 5.7% and 5.6%, respectively.
Banco de Fomento Angola tops the African table for the second ranking in a row, with a slight drop in its ROA to 5.18%, while Kazakhstan’s Halyk Bank remains in first place in the Asia-Pacific (excluding China and Japan) ROA table for the third ranking in a row, with an ROA of 3.87%.
As in the 2022 Top 1000 ranking, none of the five Chinese banks were able to break the 2% mark in ROA. Challenger WeBank, with an ROA of 1.89%, has overtaken XW Bank as the leader for ROA in the country. It is followed by China Merchants Bank (CMB), with a ratio of 1.37%. CMB is the highest-ranking bank (11th in the main Top 1000 ranking) to grace the ROA tables.
In Japan, Seven Bank stays out in front for the fourth ranking in a row, with an ROA of 1.41%. The only other Japanese bank to achieve a better ratio than 1% is Aichi Financial Group, which was formed by the merger of Aichi Bank and Chukyo Bank, with a ratio of 1.21%.
Three Turkish banks have come out on top in the western Europe table: Akbank (5.23%), Yapi Kredi Bankasi (4.45%) and Turkiye Is Bankasi (4.03%). The UK’s OakNorth Bank remains in the top five for the third year in a row, but drops from first place to fifth, with an ROA of 2.43%.
